Company research
Lixiang Education Holding Co. Ltd.
CIK 1814067Updated Sep 27, 2026
SecurityLXEH · NASDAQ · adr
Name history
Lixiang Education Holding Co . Ltd · through Oct 1, 2020
LXEH price & chart
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NASDAQ:LXEH on TradingView ↗In the news
Lixiang Education Announces Plan to Implement ADS Ratio Change ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 45,319,005Source | 64,474,311Source | 61,123,547Source | 88,286,038Source |
| Property, Plant and Equipment, NetUSD | 20,416,039Source | 20,173,175Source | 21,345,313Source | 23,216,619Source |
| GoodwillUSD | — | — | — | 10,202,667Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 18,718Source | 22,425Source | 27,673Source | 31,746Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,827,923Source | 30,239,097Source | 31,977,951Source | 35,777,061Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 23,481Source | 21,477Source | 1,321Source | 62,483Source |
| Inventory, NetUSD | — | — | 124,917Source | 168,732Source |
| Assets, CurrentUSD | 4,888,094Source | 32,368,822Source | 34,490,637Source | 47,780,852Source |
| Prepaid Expense and Other Assets, CurrentUSD | 1,759,431Source | 800,999Source | 872,342Source | 11,772,576Source |
| Operating Lease, Right-of-Use AssetUSD | 7,733,364Source | 7,111,177Source | 348,033Source | 1,099,074Source |
| Other Assets, NoncurrentUSD | 1,115,385Source | 150,699Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 23,410,731Source | 44,541,286Source | 38,996,628Source | 51,533,332Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | — | 11,422Source | 6,553Source |
| Additional Paid in CapitalUSD | — | — | 46,979,883Source | 44,287,668Source |
| Retained Earnings (Accumulated Deficit)USD | -56,033,949Source | -36,982,630Source | -34,552,550Source | -17,149,011Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 936,255Source | 1,684,394Source | 1,195,093Source | 799,526Source |
| Stockholders' Equity Attributable to ParentUSD | 21,908,274Source | 20,020,835Source | 22,170,664Source | 36,673,162Source |
| Additional Paid in Capital, Common StockUSD | 68,138,706Source | 47,004,351Source | — | — |
| Liabilities and EquityUSD | 45,319,005Source | 64,474,311Source | 61,123,547Source | 88,286,038Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 17,770,987Source | 15,442,839Source | 14,534,261Source | 19,441,876Source |
| Operating Lease, Liability, CurrentUSD | 1,498,567Source | 1,261,569Source | 348,033Source | 560,649Source |
| Accounts Payable, CurrentUSD | 574,987Source | 53,223Source | 211,848Source | 424,667Source |
| Operating Lease, Liability, NoncurrentUSD | 5,496,746Source | 5,254,221Source | — | 515,917Source |
| Other Liabilities, NoncurrentUSD | 142,998Source | 136,999Source | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | — | -87,810Source | -43,745Source | 79,544Source |
| Additional Financial Items | ||||
| Deferred Revenue, CurrentUSD | — | — | 917,347Source | — |
| Long-term Debt, Current MaturitiesUSD | — | — | 176,059Source | 569,072Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 232,884Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -17,340,342Source | -3,384,165Source | -17,886,150Source | -1,173,116Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,063Source | 20,192Source | 930Source | -132,499Source |
| Increase (Decrease) in InventoriesUSD | — | -121,504Source | -38,998Source | 135,733Source |
| Increase (Decrease) in Accounts PayableUSD | 519,433Source | -152,837Source | -41,638Source | -468,760Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | 408,943Source | 358,744Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -44,944,716Source | -2,510,076Source | -8,338,074Source | 5,939,760Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -20,336,272Source | -75,909Source | -1,067,097Source | -66,169Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 16,795Source | 40,837Source | 306,700Source | 187,970Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 36,367,657Source | 1,198,745Source | 6,209,087Source | -1,626,566Source |
| Repayments of Long-term DebtUSD | — | 171,249Source | 352,118Source | 336,187Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -29,735,223Source | -865,290Source | -2,777,686Source | 4,484,994Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 31,977,951Source | 35,777,061Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 497,689Source | 375,276Source | 540,611Source | 379,198Source |
| Income Taxes Paid, NetUSD | 5,767Source | 1,254Source | 9,373Source | -135,666Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -821,892Source | 521,950Source | 418,398Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,689Source | 4,492Source | 4,654Source | 5,173Source |
| DepreciationUSD | 657,235Source | 630,029Source | 863,207Source | 1,002,729Source |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 11,957,752Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | — | — | — | 18,057,155Source |
| Gain (Loss) on Sale of InvestmentsUSD | -11,957,752Source | — | — | — |
| General and Administrative ExpenseUSD | 3,355,932Source | 3,123,473Source | 3,583,910Source | 4,421,249Source |
| GoodwillUSD | — | — | — | 10,202,667Source |
| Goodwill, Impairment LossUSD | — | — | 3,194,118Source | 2,731,833Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -17,340,342Source | -3,384,165Source | -14,591,080Source | -1,173,116Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -17,340,342Source | -3,384,165Source | -14,591,080Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -3,295,070Source | — |
| Income Tax Expense (Benefit)USD | — | — | 439,383Source | 61,480Source |
| Investment Income, InterestUSD | 1,330Source | 39,711Source | 18,875Source | 11,210Source |
| Net Income (Loss) Attributable to ParentUSD | -17,431,997Source | -3,373,977Source | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 91,655Source | -10,188Source | -50,595Source | -43,694Source |
| Operating ExpensesUSD | 3,496,825Source | 3,138,787Source | 15,955,143Source | 7,439,328Source |
| Operating Lease, ExpenseCNY | — | — | — | 4,454,857Source |
| Other Operating Income (Expense), NetUSD | — | — | 1,738,038Source | — |
| Payments to Acquire InvestmentsUSD | 18,389,002Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 35,809,964Source | — | 5,895,355Source | — |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 123,238Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 4,409,059Source | 4,493,672Source | 7,157,202Source | 7,130,742Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -5,202,805Source | -3,556,696Source | -15,396,670Source | -6,294,430Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -17,340,342Source | -3,384,165Source | -14,151,697Source | -1,111,636Source |
| Income Tax Expense (Benefit)USD | — | — | 439,383Source | 61,480Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 91,655Source | -10,188Source | -50,595Source | -43,694Source |
| Net Income (Loss) Attributable to ParentUSD | -17,431,997Source | -3,373,977Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,911,667,000Source | 116,667,000Source | 78,584,808Source | 66,667,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,911,667,000Source | 116,667,000Source | 78,584,808Source | 66,667,000Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,689Source | 4,492Source | 4,654Source | 5,173Source |
| Current Income Tax Expense (Benefit)CNY | — | — | 216,120Source | 65,299Source |
| Foreign Currency Transaction Gain (Loss), before TaxCNY | — | — | — | 18,057,155Source |
| General and Administrative ExpenseUSD | 3,355,932Source | 3,123,473Source | 3,583,910Source | 4,421,249Source |
| Goodwill, Impairment LossUSD | — | — | 3,194,118Source | 2,731,833Source |
| Gross ProfitUSD | -1,705,980Source | -417,909Source | 558,473Source | 1,144,898Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -17,340,342Source | -3,384,165Source | -14,591,080Source | -1,173,116Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | -17,340,342Source | -3,384,165Source | -14,591,080Source | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -0.01Source | -0.03Source | -0.19Source | -0.02Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -0.01Source | -0.03Source | -0.19Source | -0.02Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -3,295,070Source | — |
| Interest ExpenseUSD | 494,292Source | 391,949Source | 511,940Source | 682,589Source |
| Investment Income, InterestUSD | 1,330Source | 39,711Source | 18,875Source | 11,210Source |
| Operating ExpensesUSD | 3,496,825Source | 3,138,787Source | 15,955,143Source | 7,439,328Source |
| Operating Lease, ExpenseCNY | — | — | — | 4,454,857Source |
| Other Operating Income (Expense), NetUSD | — | — | 1,738,038Source | — |
| Selling and Marketing ExpenseUSD | 140,893Source | 15,314Source | 2,578Source | 286,246Source |